PR Newswire | Jul 27, 2021 04:38PM EDT

07/27 15:38 CDT

Truist declares common and preferred stock dividendsRegular quarterly common stock dividend to increase 7% to $0.48 per share CHARLOTTE, N.C., July 27, 2021

CHARLOTTE, N.C., July 27, 2021 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.48 per common share, payable on Sept. 1, 2021, to shareholders of record at the close of business on Aug. 13, 2021.

The Board also declared regular cash dividends on the following series of preferred stock:

Dividend perDividend per RecordPayment Series of Preferred Stock Share Depositary Share Date Date

Series I Non-Cumulative $1,022.22222 AugustSeptemberPerpetual Preferred Stock (CUSIP^(1) $0.25556^(1) 13 15 89832Q810)

Series J Non-Cumulative $1,022.22222 AugustSeptemberPerpetual Preferred Stock (CUSIP^(1) $10.22222^(1) 13^(2)15 86800XAA6)

Series N Fixed Rate Reset Non-Cumulative Perpetual AugustSeptemberPreferred Stock $600.00 $24.00 13 1^(3) (CUSIP 89832QAD1)

Series O Non-Cumulative AugustSeptemberPerpetual Preferred Stock (CUSIP$328.125 $0.328125 13 1 89832Q745)

Series Q Fixed Rate Reset Non-Cumulative Perpetual AugustSeptemberPreferred Stock $637.50 $25.50 13 1^(3) (CUSIP 89832QAF6)

Series R Non-Cumulative AugustSeptemberPerpetual Preferred Stock (CUSIP$296.875 $0.296875 13 1 89832Q695)

Notes:

Dividends per share and dividends per depositary share for Series I and Series J are rounded to the hundred-thousandths position in the table above for the convenience of the reader. Rounded to the fourteenth decimal(1) place, the dividend per share and dividend per depositary share for Series I are $1,022.22222222222222 and $0.25555555555556, respectively. Rounded to the fourteenth decimal place, the dividend per share and dividend per depositary share for Series J are $1,022.22222222222222 and $10.22222222222222, respectively.

In accordance with the Amended and Restated Declaration of Trust of(2) SunTrust Preferred Capital I, the record date for the Preferred Purchase Securities representing fractional interests in shares of Series J preferred stock will be August 31, 2021.

(3) Dividends per share and dividends per depositary share for Series N and Series Q are declared and paid semiannually.

About TruistTruist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank with total assets of $522 billion as of June 30, 2021. Truist Bank, Member FDIC. Learn more at Truist.com.

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SOURCE Truist Financial Corporation